AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, explains what triggered the commodity wide selloff Wednesday, plus what impact with the Fed action have on commodity markets?
AgDay TV Markets Now: Chip Nellinger Explains the Commodity Wide Selloff and What the Fed Action Means for Ag
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, explains what triggered the commodity wide selloff Wednesday, plus what impact with the Fed action have on commodity markets?
December 13, 2023 05:45 PM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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